Guam Captive Insurance Program

In July 1996, the Governor of Guam signed Public Law 23-109, which authorizes 100% abatement and rebates of corporate and gross receipts taxes respectively to qualified insurance underwriters and captive insurance companies incorporated in Guam. These benefits are available through the Qualifying Certificate (QC) program administered by the Guam Economic Development and Authority (GEDA).

Spurred by increasing inquiries from insurance underwriters throughout the world, the government of Guam has enacted Public Law 24-266 and Public Law 24-11; technical amendments to the original captive law to provide an attractive environment for risk and insurance management companies to locate their Pacific headquarters in Guam.

Qualifying Certificate Program

The government of Guam, through GEDA, is authorized by law to allow a variety of tax incentives to encourage new investment by qualified investors to Guam. GEDA grants Qualifying Certificates (QC) to investors on the basis of investment commitment, potential for creating employment and expanding the base of the island’s economy. These incentives are intended primarily for manufacturers, insurance underwriters, commercial fishing operations, corporate headquarters, agricultural operations and the tourism industry. Special tax incentive programs are also being currently offered to select nascent industries to stimulate growth in these areas.  These identified industries are:  recycling, captive insurance, trusts and bonded warehousing.

GEDA Loan Program        

GEDA currently administers three economic development loan programs – the Guam Development Fund Act (GDFA), the Agriculture Development Fund (ADF) and the Micro Loan Program (MLP).  The GDFA provides financial assistance through loans and loan guarantees to private enterprises and industries primarily engaged in agriculture, fishing, manufacturing, tourism and their support industries.  The ADF loan program was designed to aid the development of locally produced agricultural products.  Lastly, the MLP provides financial support to micro or small businesses that are able to demonstrate the potential for job creation especially to low and moderate-income individuals.

GEDA Public Finance Program

As the mandated Central Financial Manager for the government of Guam, GEDA is also engaged in various innovative financing activities to secure funding for various public programs and initiatives.  Through the Public Finance Department, GEDA reviews documents relating to specific public finance activities including but not limited to, disclosure documents, term sheets, bond purchase agreements, certificates and indentures.

Guam Industrial Park Program